DVLT Datavault AI Inc. - Common Stock
NASDAQ · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 19, 2026
$0.15
· of 52w range
· above low
· to high
$0.1452w low
$4.1052w high
Market Cap (MRQ)
$132M
P/E (TTM)
-15.4
EPS (TTM)
$-0.01
Revenue (TTM)
$47M
your badges
52W Range
$0–$4
Analyst Rating
BUY
Price Target
$2
P/E
-15.4
ROE
-108.4%
Net Profit Margin
-370.2%
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DVLT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.15
Market Cap (MRQ)
$132M
P/E (TTM)
-15.4
EPS (TTM)
$-0.01
Revenue (TTM)
$47M
ROE (TTM)
-108.4%
52W Range
$0–$4
DVLT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| April 15, 2024 | 1-for-150 | Reverse |
| Jan. 27, 2023 | 1-for-100 | Reverse |
| April 9, 2020 | 1-for-20 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$39M2017-12-31 → 2025-12-31
EPS$-0.522020-12-31 → 2025-12-31
Free Cash Flow$-24M2018-12-31 → 2025-12-31
Net margin-370.2%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | DVLT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -15.45Y avg ≈-43.9 | ≈-43.9 | · | · | |
| P/S (TTM) | 2.85Y avg ≈10222.3 | ≈10222.3 | 18.7 | Undervalued | |
| P/B (MRQ) | 0.55Y avg ≈3887.4 | ≈3887.4 | 5.6 | Undervalued | |
| Price / FCF (TTM) | -1.45Y avg ≈-5709.0 | ≈-5709.0 | · | · | |
| Price / Cash Flow (TTM) | -1.55Y avg ≈-5758.0 | ≈-5758.0 | · | · | |
| Price / Tangible Book (MRQ) | 0.9 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | DVLT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 71.0%5Y avg ≈-6.8% | ≈-6.8% | 53.4% | Weak | |
| Operating Margin (TTM) | -145.1%5Y avg ≈-523.2% | ≈-523.2% | -578.8% | Top tier | |
| EBITDA Margin (TTM) | -114.3%5Y avg ≈-515.5% | ≈-515.5% | -578.8% | Top tier | |
| Pretax Margin (TTM) | -370.2%5Y avg ≈-736.8% | ≈-736.8% | -450.4% | Weak | |
| Net Profit Margin (TTM) | -370.2%5Y avg ≈-736.8% | ≈-736.8% | -1068.9% | Below avg | |
| ROA (TTM) | -87.3%5Y avg ≈-110.3% | ≈-110.3% | -39.0% | Weak | |
| ROE (TTM) | -108.4%5Y avg ≈-63.5% | ≈-63.5% | -22.0% | Weak | |
| ROIC | -13.7%5Y avg ≈242.3% | ≈242.3% | -11.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | DVLT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 4.95Y avg ≈3.5 | ≈3.5 | 4.8 | In line | |
| Quick Ratio | 0.15Y avg ≈1.3 | ≈1.3 | 2.9 | Low liquidity | |
| Interest Coverage | -1.65Y avg ≈-268.1 | ≈-268.1 | -3.8 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | DVLT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 1361.8%5Y avg ≈295.1% | ≈295.1% | · | · | |
| Revenue CAGR 3Y | 126.5%5Y avg ≈32.0% | ≈32.0% | · | · | |
| Revenue CAGR 5Y | 74.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | DVLT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.2 | In line | |
| Inventory Turnover | 7.75Y avg ≈2.3 | ≈2.3 | 3.4 | Top tier | |
| Receivables Turnover | 63.25Y avg ≈27.3 | ≈27.3 | 6.8 | Top tier | |
| Revenue / Employee | ≈$202.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-24.9%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 19, 2026 | $-0.03 | $-0.03 | -17.6% |
| March 31, 2026 | May 15, 2026 | $-0.09 | $-0.08 | -10.3% |
| Dec. 31, 2025 | $-0.06 | $-0.09 | 34.6% | |
| Sept. 30, 2025 | $-0.21 | $-0.14 | -47.1% | |
| June 30, 2025 | $-0.18 | $-0.18 | 2.0% | |
| March 31, 2025 | $-0.18 | $-0.14 | -26.1% | |
| Dec. 31, 2024 | $-3.47 | $-1.65 | -110.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39M | $3M | $2M | $3M | $7M | $2M | $2M | $1M | $1M | |
| Cost of Revenue | $9M | $2M | $6M | $3M | $5M | $2M | $2M | $2M | $1M | |
| Gross Profit | $30M | $376.0K | $-3M | $395.0K | $2M | $427.0K | $-71.0K | $-238.0K | $-158.8K | |
| R&D Expense | $16M | $8M | $7M | $7M | $5M | $5M | $5M | $5M | $4M | |
| SG&A Expense | $35M | $10M | $5M | $5M | $4M | $4M | $3M | $4M | $1M | |
| Operating Expenses | $63M | $22M | $18M | $18M | $13M | $12M | $11M | $11M | $7M | |
| Operating Income | $-32M | $-21M | $-21M | $-18M | $-12M | $-11M | $-11M | $-12M | $-7M | |
| Interest Expense | $20M | $1M | $932.0K | $898.0K | $9.0K | $1M | · | $34M | $15M | |
| Interest Income | $5.0K | $7.0K | · | · | · | · | · | · | · | |
| Other Non-op | $-239.0K | $121.0K | $-1.0K | $-12.0K | $-11.0K | $-34.0K | $-902.0K | $69.0K | $-258 | |
| Pretax Income | $-79M | $-51M | $-19M | $-16M | $-12M | $-13M | $-12M | $-67M | $-26M | |
| Income Tax | $5.0K | $0 | $4.0K | $2.0K | $2.0K | $3.0K | $8.0K | $8.0K | $5.6K | |
| Net Income | $-79M | $-51M | $-19M | $-16M | $-12M | $-13M | $-12M | $-67M | $-26M | |
| EPS (Basic) | $-0.52 | $-16.14 | $-476.31 | $-82.89 | $-105.20 | $-2.47 | · | · | · | |
| EPS (Diluted) | $-0.52 | $-16.14 | $-476.31 | $-82.89 | $-105.20 | $-2.47 | · | · | · | |
| Shares (Basic) | 152,579,525 | 4,197,284 | 52,656 | 194,852 | 124,016 | 5,235,263 | · | · | · | |
| Shares (Diluted) | 152,579,525 | 4,197,284 | 52,656 | 194,852 | 124,016 | 5,235,263 | · | · | · | |
| EBITDA | $-22M | $-21M | $-21M | $-18M | $-11M | $-11M | $-11M | $-12M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2M | $3M | $411.0K | $3M | $13M | $7M | $298.0K | $3M | $249.0K | |
| Receivables | $888.0K | $349.0K | $294.0K | $273.0K | $214.0K | $85.0K | $108.0K | $112.0K | $54.8K | |
| Inventory | $636.0K | $2M | $3M | $7M | $5M | $3M | $3M | $1M | $692.9K | |
| Prepaid Expense | $2M | $1M | $641.0K | $890.0K | $1M | $908.0K | $944.0K | $428.0K | $203.4K | |
| Current Assets | $143M | $6M | $4M | $11M | $19M | $11M | $4M | $5M | $1M | |
| PP&E (Net) | $606.0K | $58.0K | $93.0K | $174.0K | $162.0K | $142.0K | $84.0K | $110.0K | $64.7K | |
| PP&E (Gross) | $2M | $787.0K | $752.0K | $829.0K | $1M | $1M | $897.0K | $868.0K | $908.9K | |
| Accum. Depreciation | $2M | $729.0K | $659.0K | $655.0K | $958.0K | $879.0K | $813.0K | $758.0K | $844.3K | |
| Goodwill | $19M | · | · | · | · | · | · | · | · | |
| Intangibles | $95M | $93M | · | · | · | · | $28.0K | $61.0K | $94.4K | |
| Other Non-current Assets | $5M | $553.0K | $647.0K | $148.0K | $41.0K | $41.0K | $94.0K | $94.0K | $97.5K | |
| Total Assets | $275M | $101M | $5M | $11M | $19M | $11M | $4M | $5M | $1M | |
| Accounts Payable | $11M | $3M | $2M | $2M | $2M | $672.0K | $2M | $532.0K | $1M | |
| Accrued Liabilities | $11M | $1M | $1M | $2M | $1M | $1M | $1M | $846.0K | $715.2K | |
| Short-term Debt | · | · | · | · | · | · | · | · | $0 | |
| Current Liabilities | $27M | $4M | $4M | $4M | $3M | $2M | $3M | $1M | $9M | |
| Capital Leases | $4M | $553.0K | $636.0K | $39.0K | · | $39.0K | $0 | · | · | |
| Other Non-current Liabilities | $4M | $553.0K | $636.0K | $39.0K | $41.0K | $39.0K | · | · | · | |
| Total Liabilities | $37M | $15M | $10M | $13M | $3M | $3M | $3M | $2M | $31M | |
| Long-term Debt | · | · | · | · | · | $668.0K | $0 | · | · | |
| Total Debt | · | · | · | · | · | $179.0K | · | · | · | |
| Common Stock | $59.0K | $5.0K | $1.0K | $7.0K | $2.0K | $1.0K | $0 | $2.0K | $32 | |
| Paid-in Capital | $615M | $384M | $242M | $226M | $229M | $208M | $188M | $180M | $14M | |
| Retained Earnings | $-377M | $-298M | $-247M | $-228M | $-212M | $-200M | $-188M | $-176M | $-108M | |
| AOCI | · | · | · | · | · | · | $-48.0K | $-45.0K | $-41.9K | |
| Stockholders' Equity | $238M | $86M | $-5M | $-2M | $16M | $7M | $594.0K | $4M | $-94M | |
| Liabilities + Equity | $275M | $101M | $5M | $11M | $19M | $11M | $4M | $5M | $1M | |
| Shares Outstanding | 573,438,153 | 52,034,060 | 222,300 | 712,564 | 158,310 | 8,402,250 | 1,245,238 | 15,366,327 | 324,821 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $70.0K | $98.0K | $122.0K | $79.0K | $66.0K | $58.0K | $42.0K | $59.6K | |
| Stock-based Comp | $6M | $3M | $2M | $2M | $1M | $958.0K | $105.0K | $3M | $0 | |
| Deferred Tax | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Amort. of Intangibles | · | · | · | · | · | $28.0K | $33.0K | $33.0K | $5.6K | |
| Other Non-cash | $39M | $31M | $2M | $-4M | $-1M | $2M | $843.0K | $55M | · | |
| Operating Cash Flow | $-24M | $-18M | $-15M | $-18M | $-12M | $-10M | $-11M | $-10M | $-10M | |
| CapEx | $380.0K | $35.0K | $50.0K | $43.0K | $99.0K | $52.0K | $35.0K | $86.8K | $66.0K | |
| Investing Cash Flow | $-8M | $-2M | $-50.0K | $-43.0K | $-99.0K | $-52.0K | $-34.0K | $-87.0K | $-166.0K | |
| Stock Issued | $5M | · | · | · | $8M | $0 | $6M | $10M | $0 | |
| Stock Repurchased | · | · | · | · | · | · | · | $0 | $25.0K | |
| Net Stock Activity | $5M | · | · | · | $8M | · | $6M | $10M | · | |
| Financing Cash Flow | $30M | $22M | $12M | $7M | $17M | $17M | $8M | $13M | $11M | |
| Net Change in Cash | $-1M | $3M | $-2M | $-10M | $6M | $7M | $-3M | $3M | $156.9K | |
| Free Cash Flow | $-24M | $-18M | $-15M | $-18M | $-12M | $-10M | · | $-10M | · | |
| Levered FCF | $-44M | $-19M | $-16M | $-18M | $-12M | $-11M | · | $-44M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.8% | 14.1% | -166.0% | 11.7% | 28.5% | 17.8% | -4.3% | -17.3% | · | |
| Operating Margin | -83.1% | -790.5% | -1030.1% | -536.2% | -176.0% | -469.5% | -669.9% | -842.1% | · | |
| Net Margin | -202.1% | -1922.5% | -898.8% | -480.0% | -180.7% | -528.5% | -722.6% | -4902.2% | · | |
| Pretax Margin | -202.1% | -1922.5% | -898.6% | -479.9% | -180.7% | -528.4% | -722.1% | -4901.7% | · | |
| EBITDA Margin | -56.6% | -787.9% | -1025.4% | -532.6% | -174.8% | -466.8% | -666.5% | -839.1% | · | |
| ROA | -42.1% | -97.5% | -230.1% | -104.7% | -77.0% | -163.7% | -250.1% | -1963.0% | · | |
| ROE | -50.6% | -114.2% | 876.5% | -962.5% | -66.8% | -153.1% | -1604.0% | -1311.5% | · | |
| ROIC | -13.7% | -24.7% | 416.2% | 904.1% | -70.3% | -150.6% | -1880.2% | -303.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.3 | 1.6 | 1.1 | 3.0 | 6.5 | 4.9 | 1.5 | 3.7 | · | |
| Quick Ratio | 0.1 | 0.9 | 0.2 | 0.9 | 4.5 | 3.3 | 0.2 | 2.4 | · | |
| Debt / Equity | · | · | · | · | · | 0.0 | · | · | · | |
| Interest Coverage | -1.6 | -16.6 | -23.0 | -20.1 | -1279.0 | -8.1 | · | -0.3 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | 0.3 | 0.2 | 0.4 | 0.3 | 0.3 | 0.4 | · | |
| Inventory Turnover | 7.7 | 1.1 | 1.1 | 0.5 | 1.2 | 0.7 | 0.9 | 1.6 | · | |
| Receivables Turnover | 63.2 | 8.3 | 7.3 | 13.8 | 43.8 | 24.9 | 15.1 | 16.4 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.41 | $1.65 | $-0.15 | $-2.80 | $1.04 | $0.87 | $0.02 | $0.25 | · | |
| Revenue / Share | $0.26 | $0.64 | $0.26 | $17.27 | $0.53 | · | · | · | · | |
| Cash Flow / Share | $-0.15 | $-4.18 | $-1.88 | $-89.88 | $-0.93 | · | · | · | · | |
| Cash / Share | $0.00 | $0.06 | $0.01 | $4.07 | $0.83 | $0.88 | $0.01 | $0.21 | · | |
| EPS (TTM) | $-0.52 | $-16.14 | $-476.31 | $-82.89 | $-105.20 | $-2.47 | · | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1361.8% | 28.4% | -38.1% | -48.6% | 172.1% | · | · | · | · | |
| Revenue CAGR 3Y | 126.5% | -25.8% | -4.7% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 74.7% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $39M | $3M | $2M | $3M | $7M | $2M | $2M | $1M | · | |
| Net Income TTM | $-79M | $-51M | $-19M | $-16M | $-12M | $-13M | $-12M | $-67M | · | |
| Market Cap | $373M | $107M | $600M | $1.18B | $329.83B | $446.16B | $4.55T | $15.77T | · | |
| Enterprise Value | · | · | · | · | · | $446.15B | · | · | · | |
| P/E | -1.2 | -0.1 | -0.0 | -19.9 | -198.2 | -21498.0 | · | · | · | |
| P/S | 9.5 | 39.9 | 288.2 | 349.4 | 50424.6 | 185590.5 | 2732169.2 | 11474418.9 | · | |
| P/B | 1.6 | 1.2 | -116.4 | -589.0 | 20139.7 | 60984.1 | 7662952.8 | 4129564.5 | · | |
| P / Tangible Book | 3.0 | · | · | · | 20139.7 | 60984.1 | · | · | · | |
| P / Cash Flow | -15.8 | -6.1 | -40.5 | -67.1 | -28660.7 | -45254.0 | -412599.2 | -1584165.4 | · | |
| P / FCF | -15.5 | -6.1 | -40.4 | -67.0 | -28416.2 | -45016.6 | · | -1570469.3 | · | |
| EV / EBITDA | · | · | · | · | · | -39760.5 | · | · | · | |
| EV / FCF | · | · | · | · | · | -45015.9 | · | · | · | |
| EV / Revenue | · | · | · | · | · | 185587.5 | · | · | · | |
| Earnings Yield | -80.0% | -787.3% | -2646.2% | -5.0% | -0.50% | 0.00% | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7M | $3M | $34M | $3M | $2M | $629.0K | $902.0K | $1M | $345.0K | $255.0K | $420.0K | $769.0K | $425.0K | $469.0K | $916.0K | $937.0K | |
| Cost of Revenue | $4M | $3M | $4M | $3M | $2M | $560.0K | $680.0K | $946.0K | $334.0K | $338.0K | $754.0K | $2M | $626.0K | $2M | $901.0K | $807.0K | |
| Gross Profit | $3M | $111.0K | $30M | $95.0K | $35.0K | $69.0K | $222.0K | $226.0K | $11.0K | $-83.0K | $-334.0K | $-2M | $-201.0K | $-1M | $15.0K | $130.0K | |
| R&D Expense | $7M | $6M | $5M | $5M | $4M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| SG&A Expense | $15M | $19M | $15M | $8M | $7M | $6M | $3M | $2M | $3M | $1M | $1M | $1M | $1M | $1M | $2M | $1M | |
| Operating Expenses | $29M | $31M | $26M | $15M | $12M | $10M | $7M | $5M | $5M | $4M | $4M | $5M | $4M | $5M | $5M | $5M | |
| Operating Income | $-26M | $-31M | $4M | $-15M | $-12M | $-9M | $-6M | $-5M | $-5M | $-4M | $-5M | $-6M | $-5M | $-6M | $-5M | $-5M | |
| Interest Expense | $1M | $1M | $2M | $864.0K | $17M | $120.0K | $12.0K | $-9.0K | $4.0K | $1M | $120.0K | $52.0K | $37.0K | $723.0K | $724.0K | $173.0K | |
| Interest Income | · | · | $0 | $0 | $0 | $5.0K | · | · | · | · | · | · | · | · | · | · | |
| Other Non-op | $31.0K | $-17M | $-546.0K | $339.0K | $-3.0K | $-29.0K | $-15.0K | $136.0K | $-1.0K | $1.0K | $6.0K | $-4.0K | $-3.0K | · | $-5.0K | $-2.0K | |
| Pretax Income | $-88M | $-53M | $661.0K | $-33M | $-37M | $-10M | $-6M | $-5M | $-43M | $3M | $-6M | $-6M | $-5M | $-921.0K | $-3M | $-5M | |
| Income Tax | $0 | $0 | $0 | $0 | $5.0K | $0 | · | $0 | $0 | $0 | $2.0K | $0 | $2.0K | $0 | $0 | $0 | |
| Net Income | $-88M | $-53M | $661.0K | $-33M | $-37M | $-10M | $-6M | $-5M | $-43M | $3M | $-6M | $-6M | $-5M | $-921.0K | $-3M | $-5M | |
| EPS (Basic) | $-0.12 | $-0.09 | $0.53 | $-0.33 | $-0.54 | $-0.18 | $2.49 | $-1.39 | $-11.89 | $-5.35 | $-71.31 | $-144.98 | $-180.18 | $-79.84 | $1.63 | $-30.85 | |
| EPS (Diluted) | $-0.12 | $-0.09 | $0.53 | $-0.33 | $-0.54 | $-0.18 | $2.49 | $-1.39 | $-11.89 | $-5.35 | $-71.31 | $-144.98 | $-180.18 | $-79.84 | $1.63 | $-30.85 | |
| Shares (Basic) | 727,623,511 | 574,220,923 | · | 101,110,635 | 68,174,418 | 53,681,828 | · | 5,278,064 | 3,587,122 | 585,500 | · | 42,150 | 29,560 | 11,536 | · | 150,705 | |
| Shares (Diluted) | 727,623,511 | 574,220,923 | · | 101,110,635 | 68,174,418 | 53,681,828 | · | 5,278,064 | 3,587,122 | 585,500 | · | 42,150 | 29,560 | 11,536 | · | 150,705 | |
| EBITDA | $-26M | $-28M | · | $-15M | $-12M | $-7M | · | $-5M | $-5M | $-4M | · | $-6M | $-5M | $-6M | · | $-5M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1M | $2M | $2M | $2M | $662.0K | $171.0K | $3M | $4M | $6M | $3M | $411.0K | $212.0K | $2M | $5M | $3M | $3M | |
| Receivables | $4M | $1M | $888.0K | $509.0K | $468.0K | $280.0K | $349.0K | $177.0K | $117.0K | $290.0K | $294.0K | $433.0K | $101.0K | $226.0K | $273.0K | $237.0K | |
| Inventory | $942.0K | $717.0K | $636.0K | $994.0K | $1M | $1M | $2M | $2M | $2M | $3M | $3M | $3M | $5M | $6M | $7M | $7M | |
| Prepaid Expense | $40M | $5M | · | $4M | $945.0K | $900.0K | · | $1M | $1M | $606.0K | $641.0K | $942.0K | $568.0K | $1M | $890.0K | $1M | |
| Current Assets | $135M | $106M | $143M | $17M | $4M | $3M | $6M | $7M | $10M | $6M | $4M | $5M | $8M | $12M | $11M | $11M | |
| PP&E (Net) | $2M | $1M | $606.0K | $303.0K | $347.0K | $98.0K | $58.0K | $62.0K | $65.0K | $79.0K | $93.0K | $109.0K | $92.0K | $155.0K | $174.0K | $198.0K | |
| PP&E (Gross) | $4M | $3M | $2M | $1M | $1M | $839.0K | $787.0K | $780.0K | $772.0K | $758.0K | $752.0K | $752.0K | $718.0K | $843.0K | $829.0K | $1M | |
| Accum. Depreciation | $2M | $2M | $2M | $838.0K | $794.0K | $741.0K | $729.0K | $718.0K | $707.0K | $679.0K | $659.0K | $643.0K | $626.0K | $688.0K | $655.0K | $947.0K | |
| Goodwill | $27M | $27M | $19M | $19M | $19M | · | · | · | · | · | · | · | · | · | · | · | |
| Intangibles | $100M | $103M | $95M | $98M | $96.8K | $90M | $93M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $5M | $5M | $5M | $846.0K | $632.0K | $499.0K | $553.0K | $575.0K | $594.0K | $613.0K | $647.0K | $668.0K | $688.0K | $126.0K | $148.0K | $174.0K | |
| Total Assets | $277M | $250M | $275M | $139M | $121M | $96M | $101M | $8M | $11M | $7M | $5M | $6M | $9M | $13M | $11M | $12M | |
| Accounts Payable | $10M | $7M | $11M | $5M | $4M | $3M | $3M | $2M | $2M | $3M | $2M | $2M | $937.0K | $2M | $2M | $3M | |
| Accrued Liabilities | $12M | $12M | $11M | $5M | $4M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $972.0K | $1M | $2M | $1M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | $629.0K | · | · | · | · | |
| Current Liabilities | $27M | $23M | $27M | $24M | $8M | $4M | $4M | $3M | $4M | $4M | $4M | $4M | $2M | $3M | $4M | $4M | |
| Capital Leases | · | $4M | $4M | $648.0K | $492.0K | $523.0K | $553.0K | $580.0K | $607.0K | $633.0K | $636.0K | · | · | · | $39.0K | · | |
| Other Non-current Liabilities | $3M | $4M | $4M | $648.0K | $633.0K | $523.0K | $553.0K | $580.0K | $607.0K | $633.0K | $636.0K | $635.0K | $657.0K | · | $39.0K | $74.0K | |
| Total Liabilities | $31M | $30M | $37M | $39M | $47M | $14M | $15M | $4M | $4M | $10M | $10M | $5M | $3M | $5M | $13M | $6M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $629.0K | · | · | · | · | |
| Common Stock | $87.0K | $63.0K | $59.0K | $22.0K | $7.0K | $6.0K | $5.0K | $1.0K | $1.0K | $1.0K | $1.0K | $7.0K | $7.0K | $7.0K | $7.0K | $2.0K | |
| Paid-in Capital | $764M | $651M | $615M | $478M | $419M | $390M | $384M | $296M | $293M | $242M | $242M | $242M | $240M | $237M | $226M | $230M | |
| Retained Earnings | $-519M | $-431M | $-377M | $-378M | $-345M | $-308M | $-298M | $-292M | $-287M | $-244M | $-247M | $-241M | $-235M | $-229M | $-228M | $-225M | |
| Stockholders' Equity | $246M | $220M | $238M | $100M | $74M | $82M | $86M | $4M | $6M | $-3M | $-5M | $885.0K | $6M | $8M | $-2M | $5M | |
| Liabilities + Equity | $277M | $250M | $275M | $139M | $121M | $96M | $101M | $8M | $11M | $7M | $5M | $6M | $9M | $13M | $11M | $12M | |
| Shares Outstanding | 854,456,625 | 617,813,176 | 573,438,153 | 217,201,387 | 86,661,219 | 66,024,190 | 52,034,060 | 7,767,828 | 4,921,434 | 1,757,195 | 222,300 | 6,579,957 | 5,300,916 | 3,058,887 | 712,564 | 17,119,353 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $8M | $43.0K | $26.0K | $2M | $11.0K | $11.0K | $28.0K | $20.0K | $15.0K | $18.0K | $32.0K | $33.0K | $31.0K | $31.0K | |
| Stock-based Comp | $6M | $5M | $2M | $3M | $1M | $648.0K | $2M | $546.0K | $397.0K | $380.0K | $560.0K | $518.0K | $481.0K | $499.0K | $515.0K | $526.0K | |
| Amort. of Intangibles | $3M | $3M | · | $3M | $2M | $2M | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $36M | · | · | · | $570.0K | · | · | · | $-7M | · | · | · | $-4M | · | · | |
| Operating Cash Flow | $-71M | $-9M | $-610.0K | $-10M | $-7M | $-6M | $-4M | $-4M | $-6M | $-4M | $-3M | $-3M | $-5M | $-5M | $-5M | $-5M | |
| CapEx | $318.0K | $264.0K | $328.0K | $0 | $0 | $52.0K | $7.0K | $8.0K | $14.0K | $6.0K | $0 | $34.0K | $2.0K | $14.0K | $7.0K | $9.0K | |
| Investing Cash Flow | $-3M | $-14M | $-1M | $0 | $-6M | $-1M | $-1M | $-181.0K | $-164.0K | $-6.0K | $0 | $-34.0K | $-2.0K | $-14.0K | $-7.0K | $-9.0K | |
| Stock Issued | · | $30M | $0 | $41.0K | $-223.0K | $5M | · | · | · | · | · | · | · | · | · | $0 | |
| Net Stock Activity | · | $30M | · | · | · | $5M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $74M | $23M | $2M | $11M | $13M | $4M | $5M | $2M | $9M | $6M | $3M | $1M | $1M | $7M | $5M | $2M | |
| Net Change in Cash | $-805.0K | $201.0K | $321.0K | $1M | $491.0K | $-3M | $-591.0K | $-2M | $3M | $2M | $199.0K | $-2M | $-3M | $2M | $253.0K | $-2M | |
| Free Cash Flow | · | $-9M | · | · | · | $-6M | · | · | · | $-4M | · | · | · | $-5M | · | · | |
| Levered FCF | · | $-10M | · | · | · | $-6M | · | · | · | $-5M | · | · | · | $-5M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.9% | 3.2% | · | 3.3% | 2.0% | 11.0% | · | 19.3% | 3.2% | -32.6% | · | -217.0% | -47.3% | -267.2% | · | 13.9% | |
| Operating Margin | -393.9% | -906.0% | · | -508.1% | -718.1% | -1499.4% | · | -447.3% | -1566.7% | -1630.6% | · | -824.3% | -1104.2% | -1237.1% | · | -506.7% | |
| Net Margin | -1310.5% | -1555.4% | · | -1135.5% | -2139.2% | -1520.3% | · | -434.5% | -12366.7% | 1061.6% | · | -794.7% | -1253.2% | -196.4% | · | -496.2% | |
| Pretax Margin | -1310.5% | -1555.4% | · | -1135.5% | -2139.0% | -1520.3% | · | -434.5% | -12366.7% | 1061.6% | · | -794.7% | -1252.7% | -196.4% | · | -496.2% | |
| EBITDA Margin | -393.9% | -813.5% | · | -506.6% | -716.6% | -1130.4% | · | -446.4% | -1558.5% | -1622.8% | · | -822.0% | -1096.7% | -1230.1% | · | -503.4% | |
| ROA | -44.3% | -30.7% | · | -45.0% | -56.5% | -18.6% | · | -75.2% | -436.2% | 27.8% | · | -71.5% | -50.4% | -6.2% | · | -27.8% | |
| ROE | -55.0% | -35.2% | · | -63.5% | -92.2% | -24.2% | · | -196.6% | -694.2% | 106.3% | · | -196.0% | -69.9% | -8.9% | · | -38.2% | |
| ROIC | -10.8% | -14.1% | · | · | -16.8% | -11.6% | · | -122.1% | -84.1% | 155.8% | · | -418.7% | -80.1% | -74.7% | · | -88.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 4.6 | · | 0.7 | 0.5 | 0.6 | · | 2.3 | 2.8 | 1.4 | · | 1.3 | 4.3 | 3.8 | · | 2.9 | |
| Quick Ratio | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 1.3 | 1.7 | 0.7 | · | 0.2 | 1.1 | 1.7 | · | 0.7 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.7 | · | · | · | · | |
| Interest Coverage | -26.5 | -27.6 | · | -17.1 | -0.7 | -78.6 | · | · | -1351.2 | -3.3 | · | -121.9 | -126.8 | -8.0 | · | -27.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.2 | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 | |
| Inventory Turnover | 3.3 | 3.2 | · | 2.0 | 0.9 | 0.3 | · | 0.4 | 0.1 | 0.1 | · | 0.5 | 0.1 | 0.3 | · | 0.1 | |
| Receivables Turnover | 3.3 | 5.1 | · | 8.5 | 5.9 | 2.2 | · | 3.8 | 3.2 | 1.0 | · | 2.3 | 2.4 | 2.0 | · | 4.2 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.29 | $0.36 | · | $0.46 | $0.85 | $1.24 | · | $0.55 | $1.31 | $-1.52 | · | $0.13 | $1.11 | $2.54 | · | $0.31 | |
| Revenue / Share | $0.01 | $0.01 | · | $0.03 | $0.03 | $0.01 | · | $0.22 | $0.10 | $0.44 | · | $0.12 | $0.10 | $0.27 | · | $0.06 | |
| Cash Flow / Share | · | $-0.02 | · | · | · | $-0.11 | · | · | · | $-6.05 | · | · | · | $-2.67 | · | · | |
| Cash / Share | $0.00 | $0.00 | · | $0.01 | $0.01 | $0.00 | · | $0.50 | $1.24 | $1.57 | · | $0.03 | $0.38 | $1.72 | · | $0.15 | |
| EPS (TTM) | $-0.01 | $-0.43 | · | $1.44 | $0.38 | $-10.97 | · | $-89.94 | $-233.53 | $-401.82 | · | $-403.37 | $-289.24 | $-136.40 | · | $-188.82 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $47M | $42M | · | $6M | $4M | $3M | · | $2M | $2M | $2M | · | $3M | $3M | $3M | · | $4M | |
| Net Income TTM | $-173M | $-123M | · | $-86M | $-58M | $-64M | · | $-51M | $-52M | $-15M | · | $-16M | $-14M | $-13M | · | $-16M | |
| Market Cap | $299M | $383M | · | $237M | $58M | $56M | · | $14M | $13M | $5M | · | $582M | $1.01B | $725M | · | $143.80B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $583M | · | · | · | · | |
| P/E | -35.0 | -1.4 | · | 0.8 | 1.8 | -0.1 | · | -0.0 | -0.0 | -0.0 | · | -0.2 | -0.7 | -1.7 | · | -44.5 | |
| P/S | 6.4 | 9.1 | · | 38.4 | 13.1 | 18.4 | · | 6.3 | 7.1 | 2.8 | · | 225.8 | 367.6 | 221.8 | · | 32322.4 | |
| P/B | 1.2 | 1.7 | · | 2.4 | 0.8 | 0.7 | · | 3.2 | 2.0 | -2.0 | · | 658.0 | 172.3 | 93.4 | · | 26868.9 | |
| P / Tangible Book | 2.5 | 4.3 | · | · | 1.1 | · | · | 3.2 | 2.0 | · | · | 658.0 | 172.3 | 93.4 | · | 26868.9 | |
| P / Cash Flow | · | -43.9 | · | · | · | -9.3 | · | · | · | -1.5 | · | · | · | -157.0 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 226.0 | · | · | · | · | |
| Earnings Yield | -2.9% | -69.3% | · | 132.1% | 56.7% | -1290.6% | · | -5081.4% | -9086.8% | -13394.0% | · | -455.8% | -151.8% | -57.6% | · | -2.2% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $39M | $3M | $2M | $3M | $7M |
| Gross Margin % | 77.8% | 14.1% | -166.0% | 11.7% | 28.5% |
| Operating Margin % | -83.1% | -790.5% | -1030.1% | -536.2% | -176.0% |
| Net Income | $-79M | $-51M | $-19M | $-16M | $-12M |
| Diluted EPS | $-0.52 | $-16.14 | $-476.31 | $-82.89 | $-105.20 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 5.3 | 1.6 | 1.1 | 3.0 | 6.5 |
| Quick Ratio | 0.1 | 0.9 | 0.2 | 0.9 | 4.5 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-24M | $-18M | $-15M | $-18M | $-12M |
Institutional owners (13F) 98 filers · $28.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
98
Value held
$28.0M
New positions
22
Exited positions
23
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 22 (-16 vs prior Q) | 23 (+7 vs prior Q) | 33 (+3 vs prior Q) | 15 (+8 vs prior Q) | +21.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $9,339,129 | 26,683,227 | 33.32% | Shares |
| VANGUARD GROUP INC | $7,706,420 | 11,819,663 | 27.49% | Shares |
| BlackRock, Inc. | $4,030,064 | 11,514,469 | 14.38% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,310,285 | 3,743,670 | 4.67% | Shares |
| STATE STREET CORP | $1,088,216 | 3,109,188 | 3.88% | Shares |
| UBS Group AG | $826,730 | 2,362,086 | 2.95% | Shares |
| Themes Management Co LLC | $627,367 | 1,792,477 | 2.24% | Shares |
| NORTHERN TRUST CORP | $477,345 | 1,363,842 | 1.70% | Shares |
| MORGAN STANLEY | $254,832 | 728,089 | 0.91% | Shares |
| Balyasny Asset Management L.P. | $230,875 | 659,642 | 0.82% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $186,888 | 533,967 | 0.67% | Shares |
| FRANKLIN RESOURCES INC | $181,222 | 517,776 | 0.65% | Shares |
| LPL Financial LLC | $171,310 | 489,456 | 0.61% | Shares |
| GOLDMAN SACHS GROUP INC | $157,091 | 448,832 | 0.56% | Shares |
| SEB Asset Management AB | $153,018 | 437,194 | 0.55% | Shares |
| AMH Equity Ltd | $108,128 | 99,200 | 0.39% | Shares |
| Vanguard Global Advisers, LLC | $97,375 | 278,214 | 0.35% | Shares |
| Creative Planning | $93,212 | 266,320 | 0.33% | Shares |
| SageView Advisory Group, LLC | $53,247 | 152,133 | 0.19% | Shares |
| Stonebridge Capital Advisors LLC | $48,915 | 139,756 | 0.17% | Shares |
| Mariner, LLC | $44,342 | 126,690 | 0.16% | Shares |
| Cetera Investment Advisers | $44,144 | 126,126 | 0.16% | Shares |
| Brookstone Capital Management | $40,182 | 114,805 | 0.14% | Shares |
| Synergy Asset Management, LLC | $37,237 | 106,390 | 0.13% | Shares |
| Cerity Partners LLC | $35,863 | 102,465 | 0.13% | Shares |
| State of Wyoming | $32,270 | 92,199 | 0.12% | Shares |
| BARCLAYS PLC | $31,825 | 90,928 | 0.11% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $29,750 | 85,005 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $28,551 | 81,574 | 0.10% | Shares |
| Ashton Thomas Private Wealth, LLC | $27,166 | 77,617 | 0.10% | Shares |
| TWO SIGMA SECURITIES, LLC | $27,025 | 77,214 | 0.10% | Shares |
| Focus Partners Wealth | $23,651 | 67,574 | 0.08% | Shares |
| BANK OF AMERICA CORP /DE/ | $21,806 | 62,301 | 0.08% | Shares |
| RAYMOND JAMES FINANCIAL INC | $21,656 | 61,873 | 0.08% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $21,430 | 61,229 | 0.08% | Shares |
| Marex Group Ltd | $21,000 | 60,000 | 0.07% | Shares |
| INDEPENDENT FINANCIAL GROUP, LLC | $20,300 | 58,000 | 0.07% | Shares |
| WELLS FARGO & COMPANY/MN | $19,040 | 54,400 | 0.07% | Shares |
| Rothschild Wealth LLC | $18,755 | 53,587 | 0.07% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $18,755 | 53,587 | 0.07% | Shares |
| CIBC Private Wealth Group LLC | $17,440 | 16,000 | 0.06% | Shares |
| BANK OF MONTREAL /CAN/ | $17,343 | 49,550 | 0.06% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $16,118 | 48,258 | 0.06% | Shares |
| HORAN Wealth, LLC | $15,750 | 45,000 | 0.06% | Shares |
| Bank of New York Mellon Corp | $15,603 | 44,580 | 0.06% | Shares |
| United Capital Management of KS, Inc. | $15,575 | 44,500 | 0.06% | Shares |
| HighTower Advisors, LLC | $14,511 | 41,459 | 0.05% | Shares |
| OSAIC HOLDINGS, INC. | $13,676 | 39,077 | 0.05% | Shares |
| FourThought Financial Partners, LLC | $12,163 | 34,751 | 0.04% | Shares |
| Jacobs Equity LLC | $11,729 | 33,510 | 0.04% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Scilex Holding Company ×6 filings | Aug. 24, 2026 | 17.20% | Amendment | · | SEC |
| Nathaniel Bradley, Sonia Choi, EOS Technology Holdings Inc. ×4 filings | Sept. 9, 2025 | 16.90% | Amendment | · | SEC |
| NYIAX, Inc. | March 28, 2025 | 5.10% | Initial filing | Passive investment | SEC |
| Lisa J. Walsh | Oct. 25, 2019 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 19 insiders · 4 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brett Moyer | Chief Financial Officer | Aug. 18, 2026 A | 5,560,536 | 0 | 3 | $-215,644 |
| George Oliva | Chief Financial Officer | July 12, 2023 A | 32,618 | 0 | 0 | $0 |
| Stanley Mbugua | Chief Accounting Officer and VP of Finance | June 10, 2026 S | 2,052,846 | 0 | 4 | $-62,447 |
| Gary Williams | Chief Accounting Officer and VP of Finance | Nov. 20, 2024 S | 60,125 | 0 | 0 | $0 |
| Kimberly Briskey | Director | April 20, 2026 A | 576,872 | 0 | 0 | $0 |
| Wendy Wilson | Director | April 20, 2026 A | 581,569 | 0 | 1 | $-10,084 |
| Robert Tobias | Director | April 20, 2026 A | 581,565 | 0 | 0 | $0 |
| Jeffrey M Gilbert | Director | April 20, 2026 A | 581,566 | 0 | 0 | $0 |
| Helge Kristensen | Director | April 20, 2026 A | 581,566 | 0 | 0 | $0 |
| Sriram Krishnamurthy Peruvemba | Director | April 20, 2026 A | 581,565 | 0 | 0 | $0 |
| David Marc Howitt | Director | April 20, 2026 A | 561,909 | 0 | 1 | $-32,039 |
| Lisa M Cummins | Director | July 12, 2023 A | 11,364 | 0 | 0 | $0 |
| Jonathan Gazdak | Director | Feb. 24, 2021 A | 26,631 | 0 | 0 | $0 |
| Sam Runco | Director | Oct. 28, 2019 A | 50,000 | 0 | 0 | $0 |
| Scilex Holding Co | 10% owner | Aug. 20, 2026 J | 163,766,229 | 0 | 10 | $-45,101,497 |
| Vivasor, Inc. | 10% owner | May 7, 2026 S | 55,942,666 | 0 | 4 | $-11,278,460 |
| Lisa J Walsh | 10% owner | Nov. 15, 2019 A | 5,676,607 | 0 | 0 | $0 |
| Nathaniel Bradley | · | Aug. 3, 2026 J | 13,436,871 | 0 | 6 | $-259,889 |
| Michael Howse | · | Sept. 2, 2021 S | 19,333 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 4 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
DVLT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$2.50
+1522.3%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-01Mean target $2.50 +1522.3%
← Below all targets
Current price $0.15
Low$2.00
Mean$2.50
High$3.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DVLT | $373M | -1.2 | 1361.8% | -202.1% | -50.6% | 77.8% |
| MRAM | $213M | -309.3 | 9.5% | -1.1% | -0.88% | 51.2% |
| QUIK | · | -7.1 | -29.9% | -107.6% | -59.1% | 22.0% |
| GSIT | $188M | -12.2 | 22.4% | -52.7% | -22.0% | 54.5% |
| GCTS | $70M | -1.5 | -68.6% | -1513.3% | 56.6% | -63.4% |
| BZAI | · | · | · | · | · | · |
| IPWR | $26M | -2.3 | -56.1% | -28038.7% | -102.6% | -60.1% |
| PXLW | $40M | -1.6 | 0.43% | -3246.6% | 142.1% | 85.0% |
| ASTI | $19M | -1.3 | 83.3% | -10202.5% | -231.3% | · |
Latest News Recent headlines mentioning this company
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Source: SEC 10-Q filed Aug 19, 2026